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Wages growth cooled slightly in the March quarter, but not enough to impact any interest rate deliberations by the Reserve Bank of Australia (RBA). Total hourly rates of pay, excluding bonuses, ros..
US giant General Electric (GE) aims to increase its presence in the booming resources sector through a $700 million friendly takeover for Australian mining equipment-maker Industrea. Industrea shar..
Building products group CSR fears Australia's housing construction industry will remain in the doldrums in the year ahead. The company made the comments on Wednesday as it announced its net profit ..
Alcohol will once again become the real thing for Coca-Cola Amatil (CCA) when it is cleared to re-enter the local beer market from next year. The beverage maker says it plans to sell Fiji Bitter as..
Sonic Healthcare says it will buy Healthscope's pathology businesses in three Australian states and the nation's capital for $100 million. The pathology businesses were in NSW/Australian Capital Te..
Engineering company Monadelphous Group says it has been awarded two new construction contracts in Western Australia worth about $150 million. The first contract was for BHP Billiton's petroleum bus..
Stocks to watch on the Australian stock exchange Wednesday May 16 ANZ - ANZ BANKING GROUP LTD - down seven cents at $22.13 ANZ Banking Group has further cemented its ambitious Asian expansion st..
US stocks have sunk as speculation about Greece's potential exit from the eurozone continues after the country's political parties failed to forge a government. Recent elections failed to yield a c..
Australian stocks closed lower, dragged down by a weaker resources sector, amid renewed concerns about the future of the euro zone. At the close on Tuesday, the benchmark S&P/ASX200 index was d..
Pacific Brands says there will be no takeover offer for the clothing maker, after discussions with potential suitors failed to reach a deal. The company's announcement on Tuesday that talks with pr..
The Reserve Bank of Australia (RBA) decided on a hefty cash rate cut in May partially because the big lenders had independently jacked up their rates. After its May 1 board meeting, the RBA cut the..
Facebook plans to raise the price of the shares it offers to the public on Friday as high as $US38 ($A38.28), giving the company a valuation in excess of $US100 billion, Bloomberg News reported. Fa..
Industry veteran Richard Cottee has taken up the reins as chief executive at conflict-ridden Central Petroleum, saying it's the company's massive exploration acreage that appeals to him. Mr Cottee ..
Australian bond future prices have risen to their highest level ever amid fears Greece's political crisis could see it exit the euro zone. At 0830 AEST on Tuesday, the 10-year bond futures contract..
Westpac has cut its interest rates on its short term fixed rate home loans by up to 20 basis points. The bank said the rate on its three-year fixed rate loan would drop from 6.39 per cent to 6.19 p..
Stocks to watch on the Australian stock exchange on Tuesday May 15 BHP - BHP BILLITON LTD - up nine cents at $34.46 BHP Billiton's petroleum boss has defended the company's $20 billion foray int..
A roundup of trading on major world markets: NEW YORK - US stocks have closed firmly in the red as Greece's political stalemate and Spain's banking problems drove new fears about the strength of th..
Australian shares closed slightly higher, driven by gains in the telecommunications and financial sectors. At the close on Monday, the benchmark S&P/ASX200 index was up 11.9 points, or 0.28 per..
The once-mighty Aussie dollar is losing purchasing power as it slips below its US counterpart but TVs and electrical gadgets are likely to stay dirt cheap - for a while at least. Overseas holidays ..
Paint maker DuluxGroup says its takeover bid for garage door and construction products supplier Alesco is not a "must do" deal. However, DuluxGroup chief executive Patrick Houlihan says the bid is ..
A rise in new home loans in March is a sign the housing sector is stabilising, and recent official interest rate cuts could give it a boost, economists say. The number of home loans approved in Mar..
National Australia Bank will raise up to $500 million by issuing subordinated notes to investors. The issue of the unsecured, subordinated debt obligations has the ability to raise more or less tha..
Africa-focused uranium miner Paladin Energy says production at its mine in Malawi has been stalled after local workers walked off the job. Paladin's annual production will be impacted by the stoppa..
Lend Lease and a Leighton Holdings subsidiary have been awarded work on Victoria's regional rail link. Lend Lease's Abigroup business was awarded a contract worth about $750 million for work on the..
Explosives and fertiliser producer Incitec Pivot's first half profit has dropped by 13 per cent due to significantly lower earnings from fertilisers. The company's net profit for the six months to ..
